CBIH NT 10-Q: revenue $36k; net loss about $42,511
Rhea-AI Filing Summary
Cannabis Bioscience International Holdings (CBIH) filed a Notification of Late Filing (Form 12b-25) for its Form 10-Q for the period ended August 31, 2025, citing that the financial information for the quarter could not be analyzed and completed on a timely basis.
The company provided preliminary estimates indicating a smaller loss from operations of approximately $66,000 versus $97,604 a year earlier. Estimated revenue is about $36,000 compared with $178,887, and estimated gross profit is about $28,000 versus $170,525 for the prior-year quarter. Estimated total operating expenses are approximately $94,000, down from $268,129, reflecting substantial decreases in general and administrative expenses, professional fees, share-based compensation, and rent. Estimated net loss is about $42,511, compared with $76,305 in the prior year.
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Insights
Late NT 10-Q with preliminary metrics: lower revenue, narrower loss.
CBIH filed an NT 10-Q, indicating its quarterly financials weren’t finalized in time. The narrative cites difficulty completing analysis, a common administrative delay. The company also shared preliminary figures to frame expected results.
The estimates show a sharp year-over-year revenue decline to $36,000 with gross profit of $28,000, but materially lower operating expenses of $94,000. This yields a smaller estimated net loss of $42,511 versus $76,305.
Actual results depend on the finalized 10-Q. The filing’s preliminary data suggest cost reductions offset part of the revenue drop; the precise impact will be clear once the report is filed.
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